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Forex Trend Analysis Report

Prepared for you on Wednesday, September 18, 2019.

Mexican Peso/Czech Koruna (FOREX:MXNCZK)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_MXNCZK
Open High Low MXNCZK Price Change
1.20812 1.21137 1.20755 1.21120 +0.00308
Entry Signal

MarketClub’s Trade Triangles for MXNCZK

long term down The long term trend has been DOWN since Jun 3rd, 2019 at 1.164985

intermediate term up The intermediate term trend has been UP since Sep 6th, 2019 at 1.193920

short term up The short term trend has been UP since Aug 30th, 2019 at 1.169150

Smart Scan Analysis for MXNCZK

Based on a pre-defined weighted trend formula for chart analysis, MXNCZK scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+70
Smart Scan Analysis for MXNCZK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.20812 1.21137 1.20755 1.21120 +0.00308
Prev. Close Volume Bid Ask Time
1.20812 1.21040 1.21200 2019-09-18 07:52:47
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